See Also: Revolving Credit(money)
Revolving line of credit(finance)
Revolving credit agreement(money)
Revolving line of credit(money)
Revolving credit agreement(finance)
MONEY ONE Credit Union(finance)
MONEY Credit Union(finance)
Revolving(medicine)
revolving(dictionary)
revolving(dictionary)

Revolving Credit (money)


Definition: Contract between a company and a bank in which the bank makes loans up to a specific amount for one year or longer. As the business repays the loan each month, an amount equal to the monthly payment Definition: can be borrowed again. Sometimes called open-end credit or revolving loan, can be on a secured or unsecured basis.